- Inter-chain AssetsA totally decentralized circulation for inter-chain assets.Assets are reserved by multi-sig contract or light client protocol. No one can misappropriate reserves of those inter-chain assets.
- 1000 ValidatorsChainX will gradually build the largest PoS network in history. Any ordinary user can run a validator node and break the networkcentric monopoly.
- 0% FeeThe system's decentralized exchange freely matches users' orders, which does not charge any forms of trading fee and saves user a lot of transaction cost.
The total amount of crypto currency (PCX) issued by ChainX will be 21 million, which is halved every two years.
20% of the first two years circulation is owned by the founding team for ongoing development funding. After two years, the chain will be fully owned by the community, so the founding team will only own 10% of the total.
The assets (BTC, ETH, etc.) in ChainX that user deposit in through inter-chain bridge will automatically convert to PCX value according to daily average price,then ChainX will issue new PCX according to the total market value of users'assets.
The PCX that user mined can be used to pay for miner's fee and validator's deposit, vote for validators, and act as intermediate currency for trading some minority assets.
Polkadot's investors can map the DOTs on Ethereum into ChainX, and participate in inter-chain asset mining with BTC depositors. ChainX will preheat the Polkadot ecology in advance.
deposit assets by inter-chain bridges, measure the market value uniformly, participate in the system mining automatically, and enjoy the 0% trading fee.
use PCX to vote on sync nodes, elect trust nodes and validator nodes and get voting rewards, but at the same time bear the penalty of nodes' evil actions such as offline.
The top 1000 nodes sort by total votes. They are responsible for processing all users' transaction and producing the block which will obtain 10% of the user's voting mining revenue。
The top 15 validator nodes sorted by overall strength. They are responsible for joint hosting the user's inter-chain assets. They are the most important core community leaders in the system.
The remaining nodes sorted by total votes. They are responsible to run a sync node for accepting of the transaction and broadcasting chain data. They will receive the same proportion of reward as the validators.
All types of wallets and community developers can help usersto do inter-chain account binding. They will receive 10% of the reward from users' deposit assets mining。
Anyone can submit block header and related inter-chain transactions from each asset chain into ChainX's light client. ChainX will choose legal inter-chain transactions based on the consensus algorithm of the original chain.
Developers can use the latest contract technology to develop DApp for various assets such as BTC, ZEC, EOS, etc. to unleash the unique capabilities of different assets.
Newest AnnouncementView All
Upgrade of ChainX main network to support BTC lock mining
ChainX suspend BTC inter-chain recharge notification
ChainX Assets inter-chain Introduction
Outline of Substrate High Order and Application of ChainX System
The Innovative Way of Polkadot‘s Consensus
Chain Governance Model of Polkadot
ChainX Community offline sharing meeting - HangZhou
ChainX Start Public Test Network and Start Genesis Node Recruitment Program